Travel rewards cards – some rules are not in the fine print, so watch out

[Wednesday, July 13th, 2011]

Although a number of card companies have been offering a lot of perks and rewards on travel rewards cards, it is important to watch out while you are shopping for your card.

The first rule is not to get lured into some of the teaser bonuses that are offered by these cards. You must ensure that you have a closer look at how the point conversions might work for you.

If you wish to carry forward a balance, then skip these travel rewards cards. If you are have to pay higher interest rates as well as annual fees then, the rewards you get would be negated.

When you apply for a new card, you may end up losing some of the point on your credit score. So, if you have to apply for a car loan or mortgage sometime in the near future, then you have to wait until you finish with that, to obtain a new card.

The fine print will always state that the terms on your card are subject to change at any time.

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